Episode Details

Divorce and kids? Already stressful. Add tax headaches on top, and it’s a recipe for disaster—unless you know this key rule: when a court orders property division between ex-spouses, the transfer itself doesn’t trigger capital gains tax. That’s a huge relief, especially for investment properties where the exemption only lasts while you live there. If you later sell your share, you might still owe tax—even if your ex owned it too. Don’t gamble with your finances: get expert tax advice before signing any court order.

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